Tuesday, June 9, 2026
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Condair-Facility_Chesterfield-County-Va
DevelopmentIndustrialSoutheastVirginia

Condair Group to Develop $57.2M Production Facility Near Richmond, Virginia

by Hayden Spiess

CHESTERFIELD COUNTY, VA. — Condair Group AG, an evaporative technologies manufacturing company, has announced plans to develop a $57.2 million production facility in Chesterfield County, roughly 20 miles southwest of downtown Richmond. Scheduled to begin operations in early 2025, the development will span 400,000 square feet. Governor Glenn Youngkin of Virginia approved a $700,000 grant from the Commonwealth’s Opportunity Fund for the project, which will create 180 new jobs, according to a press release issued by Chesterfield County. Condair is also eligible to receive state benefits from the Major Business Facility Job Tax Credit, as well as The Port of Virginia Economic and Infrastructure Development Zone Grant Program. Condair also considered South Carolina as a location for the facility. 

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Westgate-Mall_Spartanburg-S.C
AcquisitionsRetailSouth CarolinaSoutheast

Reedy River Retail Negotiates $15M Sale of 431,306 SF Westgate Mall in Spartanburg, South Carolina

by Hayden Spiess

SPARTANBURG, S.C. — Reedy River Retail at SVN Blackstream has brokered the sale of Westgate Mall, a 431,306-square-foot retail property located in Spartanburg. Namdar Realty acquired the mall for roughly $15 million. Belk, Dillard’s, JCPenney and Costco anchor the property, which is situated on 52 acres. Dustin Tenney and Daniel Holloway of Reedy River Retail arranged the transaction.

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Crossroads-Distribution-Center_Jacksonville-Fla
AcquisitionsFloridaIndustrialSoutheast

Bixby Land Cos. Sells Two Industrial Buildings Totaling 423,056 SF in Jacksonville

by Hayden Spiess

JACKSONVILLE, FLA. — JLL Capital Markets has negotiated the sale of two industrial buildings totaling 423,056 square feet in Jacksonville. Bixby Land Cos. sold the properties, Crossroads Distribution Center Buildings 100 and 200, for an undisclosed price. The buildings were fully leased at the time of sale. Luis Castillo, Cody Brais, Britton Burdette, Luke Pope and Taylor Osborne of JLL represented the seller in the transaction. The buyer was not disclosed. 

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Vaughan-Village-Apartments_Elizabethtown-Ky
AcquisitionsKentuckyMultifamilySoutheast

Matthews Brokers $4.9M Sale of Vaughan Village Apartments in Elizabethtown, Kentucky

by Hayden Spiess

ELIZABETHTOWN, KY. — Matthews Real Estate Investment Services has brokered the $4.9 million sale of Vaughan Village Apartments, a multifamily community located at 100 Crimson Creek Drive in Elizabethtown, approximately 45 miles south of Louisville. Built in 1996, the property comprises 48 duplex-style units situated on nine acres. Ellie Funk, Austin Tomaiko and Austin Graham of Matthews represented the undisclosed seller in the transaction. The undisclosed buyer assumed an existing HUD loan as part of the acquisition. 

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Northwest-Village-Fort-Worth
DevelopmentMultifamilyTexas

Woodfield Development Breaks Ground on $101M Northwest Village Apartments in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Woodfield Development has broken ground on Northwest Village, a $101 million multifamily project in Fort Worth. The site is located within Traditions at Northwest Village, a 47-acre master-planned development. Northwest Village will comprise 455 apartments across two buildings on a 15-acre site. Units will come in studio, one-, two- and three-bedroom layouts. Amenities will include private conference rooms and individual offices, a fitness center, two-story sky lounge, game room with golf simulator and indoor putting green, two pools and an outdoor lounge area. The project team for Northwest Village includes general contractor OHT Partners, architect Corgan, interior designer Thrive Interior Design and civil engineering firm Westwood. Travis Anderson and Cory Fowler of JLL arranged senior and mezzanine financing for the project.

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AcquisitionsIndustrialSelf-StorageTexas

Versal Arranges Sale of 440-Unit Self-Storage Facility in Clute, Texas

by Taylor Williams

CLUTE, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Affordable Storage, a 440-unit facility in Clute, about 60 miles south of Houston. The facility spans 46,785 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, New Hampshire-based Fab Legacy LLC, in the transaction. The team also procured the buyer, Miami-based LAGO Properties LLC. The sales price was not disclosed.

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Barker-Cypress-Distribution-Center-Houston
AcquisitionsIndustrialTexas

Colliers Brokers Sale of 142,100 SF Industrial Building in Metro Houston

by Taylor Williams

CYPRESS, TEXAS — Colliers has brokered the sale of Barker Cypress Distribution Center, a 142,100-square-foot industrial building located on the northwestern outskirts of Houston. The building sits on 12 acres and features 32-foot clear heights, 3,574 square feet of office space and parking for 124 cars and 25 trailers. At the time of sale, Barker Cypress Distribution Center was fully leased to building materials supplier 84 Lumber. Lizzy Blake led the Colliers team that represented the seller, Molto Properties, in the transaction and procured a California-based limited liability company as the buyer.

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IndustrialLeasing ActivityTexas

Bradford Negotiates 25,445 SF Industrial Lease Renewal in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — Bradford Commercial Real Estate Services has negotiated a 25,445-square-foot industrial lease renewal in the northern Dallas suburb of Lewisville. The space is located within Building 4 of the 772,000-square-foot Creekside 121 development. Joe Santaularia of Bradford represented the tenant, Atlanta-based Alpha Insulation & Waterproofing Inc., in the lease negotiations. Bob Hagewood and Eric Crutchfield of Stream Realty Partners represented the landlord, Mississippi-based EastGroup Properties.

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Leasing ActivityRestaurantRetailTexas

Nona’s Italian Grill to Open 3,500 SF Restaurant in Montgomery, Texas

by Taylor Williams

MONTGOMERY, TEXAS — Nona’s Italian Grill will open a 3,500-square-foot restaurant in Montgomery, about 60 miles north of Houston. The space is located within the Woodforest master-planned community. Jackson Cain of SVN | J. Beard Real Estate represented the undisclosed landlord in the lease negotiations. Josue Posada of Posada Realty Associates represented the tenant. The restaurant is expected to open before the end of the year.

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AcquisitionsMultifamilyNew JerseyNortheast

Colony Hills Capital Acquires Southern New Jersey Apartment Community for $79M

by Taylor Williams

MOUNT LAUREL, N.J. — Colony Hills Capital has acquired Mount Laurel Crossing, a 296-unit apartment community in Southern New Jersey, for $79 million. The 14-building property was originally constructed in 1999 and offers one-, two- and three-bedroom units with an average size of 944 square feet. Amenities include a pool, fitness center, clubhouse, dog park and an outdoor lounge. Mount Laurel Crossing was 98 percent occupied at the time of sale. John Alascio, Alex Hernandez, Aaron Graves and John Spreitzer of Cushman & Wakefield arranged equity investments with Heitman (preferred) and Balfour Beatty Communities (common) on behalf of Colony Hills Capital. Fran Coyne, Carl Fiebig, Jose Cruz, Mike Oliver, Samantha Kupersmith and Tyler Margraf of JLL represented the undisclosed seller in the transaction.

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